Thread by @feelingfluffy

The BEAR ESSENTIALS:

May 24, 2020, I made a bold call on $MATIC during the bear, on my TradingView ac. The price was 0.0277

Of my first 5 public Trading View 'Bear' calls, 2 - 100X + ($MATIC, $KAI) ,1 - 50X ($WAVES), 1 - 15X ($ALGO), 1 - 10X ($RVN)

🧵🧵🧵

At the time, those first public calls were laughed at. Probably rightly so. As I had no 'public' record. I had my Twitter account from 2008 but never really publically tweeted until a few years ago.

What most did not know....

I had had many years of wins & failures.

I was handed my butt on a platter many times. I used to leverage trade (gambling). Until I wiped 90% of an entire portfolio on one trade where I decided to have a lunch break and the unthinkable took place.

Yes, 1 of those...

Think: wicks that magically dip down 35% in a few minutes to wipe you out and then like Houdini recover to almost the place it dipped from.

No excuses, had I been watching I could have escaped with most of my dosh. Bottom line, my mistake for leverage trading.

We move on...

Needless to say...I don't leverage trade at all and despise 'influencers' for promoting it to their followers and profiting when they get REKT.

I think I have made most mistakes in the book and some.

However, I wrote all these mistakes down in a book...

I read those mistakes over and over. It was aweful. I also read everything I possible could of crypto trading. I took babypips.com free courses. I paid some of the best traders in crypto to teach me Elliott Waves, strategies etc.

By the time 2016 come around, I was building my position in $BTC.

Like most in those halcyon days 2016/2017, the bull brought amazing times. It was intoxicating.

However, I had seen bear cycles and realised that was where the real money was made.

When the party stopped in early 2018, and the bear set in, I decided to really apply my learnings. And I am going to share in brief what they were.

...Ready for Uncle's 'Bear Strategy'?

1. Invest in quality teams with proven abilities to deliver
2. Make sure they have a 2-3 year runway to see out the Bear
3. Buy when those same projects were at least 90% down from ATH. My sweetspot is 95%
4. Be prepared to wait at least 24 months

And...

Remember, to always stick by TIO2X. For those that don't know, it is: Take Initial Out 2X. And let the rest ride.

And finally, P A T I E N C E

It truly is the hardest skill to master in a bear....but it is the most important.

Remember...

During a bear you are buying assets for up to 99% discount. You need to make your 'bets' and go and enjoy life. #Bears are for making long term trades. #Bulls are for regular trading profits.

One more thing...

Good luck, I hope that this thread has provided some benefit to you. If you like this content, please RT & follow.

Check out: Crypto Alien Babe (CAB) Discord for lots of resources & more dialogue discord.gg/RvRt8CAKn3

And finally, Not Financial Advice (NFA). DYOR